ETFS 3x Long EUR Short USD

By Administrator

Created 22/06/2011 - 06:57

ETFS 3x Long EUR Short USD (LEU3) is designed to provide investors with a 'leveraged long' exposure to Euro (""EUR"") relative to US Dollars (""USD"") by tracking the MSFXSM Triple Long Euro Index (TR) (the ""Index""), which aims to reflect three times the performance of a position in forward contracts which are rolled on a daily basis.
LEU3 is an exchange traded currency (""ETC""). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company.